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50 Centimos El Masnou; Laboratoris del Nord d'Espanya

Issuer Laboratoris del Nord d'Espanya (L.N.E.), El Masnou
Year 1937
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Value 50 Centimos (0.50 ESP)
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Obverse lettering 50 cèntims
Aquest val, per faciliar canvi, únicament té eficàcia dintres els L. N. E. i entre els seus empleats. Cada vint vals seran cancel·lats a caixa.
29-IV-1937 . 2.000 Núm. 0025
LNE
(Translation: 50 Centimos
This voucher, to facilitate exchange, is only valid within the Laboratories of Northern Spain and among their employees. Every twenty vouchers will be cancelled at the cashier.
April 29, 1937)
Reverse description Reverse printed in a plain salmon-pink tone, entirely unadorned with no text, vignette, or other design elements.
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Comments

Laboratoris del Nord d'Espanya was a pharmaceutical manufacturing firm based in El Masnou, a small coastal town north of Barcelona. Like hundreds of Catalan businesses, cooperatives, and municipalities, it issued its own emergency fractional currency during 1937 after the Republic's central government proved unable to keep small-denomination coinage in circulation — silver and copper had been hoarded or melted almost immediately after the July 1936 uprising began.

These corporate issues, known collectively as moneda de necessitat, had no formal legal backing beyond local trust in the issuer. A pharmaceutical company's scrip circulating as cash is an unusual artifact even within this already peculiar category.

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